Sabre (NASDAQ:SABR) Trading 10.3% Higher – Here’s Why

Sabre Co. (NASDAQ:SABR)’s share price rose 10.3% on Tuesday . The stock traded as high as $2.18 and last traded at $2.21. Approximately 1,649,826 shares were traded during trading, a decline of 61% from the average daily volume of 4,271,785 shares. The stock had previously closed at $2.00.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on SABR shares. Sanford C. Bernstein raised Sabre from an “underperform” rating to a “market perform” rating and set a $3.50 price objective for the company in a research report on Tuesday, April 1st. StockNews.com raised Sabre from a “hold” rating to a “buy” rating in a research report on Friday, February 21st. Bank of America upgraded Sabre from a “neutral” rating to a “buy” rating and increased their price objective for the company from $4.50 to $6.10 in a research note on Tuesday, March 4th. Finally, Cantor Fitzgerald reiterated a “neutral” rating and issued a $4.00 price target on shares of Sabre in a research note on Friday, February 21st.

Sabre Stock Up 0.2 %

The company has a market capitalization of $774.07 million, a PE ratio of -2.78, a PEG ratio of 2.43 and a beta of 1.39. The stock’s fifty day simple moving average is $3.47 and its 200-day simple moving average is $3.55.

Sabre (NASDAQ:SABR) last posted its quarterly earnings data on Thursday, February 20th. The information technology services provider reported ($0.10) EPS for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.03). The firm had revenue of $714.72 million for the quarter, compared to the consensus estimate of $716.60 million. Analysts expect that Sabre Co. will post 0.04 EPS for the current year.

Institutional Investors Weigh In On Sabre

A number of large investors have recently modified their holdings of SABR. Sterling Capital Management LLC lifted its stake in shares of Sabre by 744.8% in the fourth quarter. Sterling Capital Management LLC now owns 9,589 shares of the information technology services provider’s stock worth $35,000 after acquiring an additional 8,454 shares in the last quarter. Smartleaf Asset Management LLC raised its stake in Sabre by 173.2% during the fourth quarter. Smartleaf Asset Management LLC now owns 9,935 shares of the information technology services provider’s stock valued at $36,000 after buying an additional 6,298 shares in the last quarter. Zacks Investment Management bought a new position in Sabre during the 3rd quarter worth approximately $41,000. MML Investors Services LLC acquired a new stake in shares of Sabre during the 3rd quarter valued at approximately $45,000. Finally, Mercer Global Advisors Inc. ADV acquired a new position in Sabre in the fourth quarter worth $45,000. Institutional investors and hedge funds own 89.42% of the company’s stock.

Sabre Company Profile

Sabre Corporation, together with its subsidiaries, operates as software and technology company for travel industry in the United States, Europe, Asia-Pacific, and internationally. It operates through two segments: Travel Solutions and Hospitality Solutions. The Travel Solutions segment operates a business-to-business travel marketplace that offers travel content, such as inventory, prices, and availability from a range of travel suppliers, including airlines, hotels, car rental brands, rail carriers, cruise lines, and tour operators with a network of travel buyers comprising online and offline travel agencies, travel management companies, and corporate travel departments.